Legal Opinion
People v. Schock
California Court of Appeal
Decided February 24, 1984No. AO20015PublishedCited by 18 opinions
1Opinion of the Court
Opinion
RACANELLI, P. J.
In this appeal we consider the novel issue whether a fractional interest in a promissory note and related deed of trust constitutes a nonexempt “security” within the meaning of the Corporate Securities Law of 1968, as amended. (Corp. Code, § 25000 et seq.)1
Statement of the Case
Defendants were charged with a number of violations of section 25110 (unlawful sale of unqualified security) and section 25401 (false statement in a security transaction) df the Corporate Securities Law arising out of their operation of a mortgage loan brokerage company. Following a preliminary…
2Cases cited29 opinions
- Securities and Exchange Commission v. W. J. Howey Co.Supreme Court of the United States · 1946
- United Housing Foundation, Inc. v. FormanSupreme Court of the United States · 1975
- Fed. Sec. L. Rep. P 95,494 Great Western Bank & Trust v. Sol KotzCourt of Appeals for the Ninth Circuit · 1976
- Balen v. Peralta Junior College DistrictCalifornia Supreme Court · 1974
- Silver Hills Country Club v. SobieskiCalifornia Supreme Court · 1961
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3Cited by18 opinions
- People v. FigueroaCalifornia Supreme Court · 1986
- In Re National Mortgage Equity Corp. Mortgage Pool Certificates Securities LitigationDistrict Court, C.D. California · 1986
- People v. TorresCalifornia Court of Appeal · 2013
- Koehler v. PulversDistrict Court, S.D. California · 1985
- Leyva v. Superior CourtCalifornia Court of Appeal · 1985
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